Tuesday, March 27, 2012

Kenneth Cole New Collection

Besides moving to take the company private (which sources said could gain approval in a few weeks), KCP is launching a new women’s and men’s sportswear collection, named Kenneth Cole Collection, which has higher price points, better fabrics and more advanced styling. The new line marks a major effort by the company to jump-start its business and will impact everything from its retail stores to its marketing message.


“We’re entering this phase of adulthood. We’re about to become 30 [next year]. This is a transitional period. We’re in the process of elevating and returning to certain roots of the company and elements of its heritage. We’re turning to the next chapter, with a hint and suggestion of a prior one,” said Kenneth Cole, chairman and chief creative officer, in an interview. 


The goal is to elevate the quality of design, production and distribution, he said. Changes will evolve throughout the entire company, from “below the ankles and up. We’re reintroducing women’s footwear and handbags as we speak,” he said. Cole discontinued wholesale distribution of women’s footwear and handbags two years ago due to performance issues (they were available in Cole’s own stores and online), and is reintroducing them for fall. “We’re also going to reintroduce ourselves to the Kenneth Cole woman. We’re going to speak to her in a more elevated and engaged manner. What’s on her mind, and also what’s on her body,” said Cole, whose publicly traded company last year lost $2.9 million on $478.9 million in revenues!!!


He described the men’s Kenneth Cole Collection as “tailored, refined suits he can wear to work and after work.…It’s bomber jackets, double-breasted peacoats, it’s slim suits, more dressed-up sneakers in exotic materials and a lot of metal details.” The line includes fitted pony two-button jackets, body-skimming cashmere turtlenecks, slim-fit wool trousers, as well as distressed moto jackets, sharply tailored wool top coats and knit cardigans.






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